Before the economic crisis brought Greece to its knees, investing in real estate was always seen as the safest bet. Now, instead, the situation has been turned on its head and buying property has become unprofitable.
According to several local economic analysts, the first reason concerns the government's chronic inability to fight tax evasion. As many of them point out, over the past few years every failed attempt by the government to crack down on tax evaders invariably led to an increase in real estate taxes. ..............................................Full Article: Source